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that ininterview. things that he had to say about the economy. what was your overall take o the interview with governor o'o'malley? >> he is trying to have it both ways. hehe is trying to raise his national profile in a number of ways, but he i is also tryiying to do it in n a way that makes it clear that his main focus is governing the state of maryland. >> e economics back a sarah palin? -- you do not expect a sarah palin? >> he is going t to remn chief execute of the state of maryland for the remainder o of his s term there is relief that the worst of the pain and the state of maryland seems to be over. he can pivot past that. he can focus on the death penalty aeal. -- death penalty appeal. he can focus on wind power. >> l's turnrn to your talk with governor o'malley how to pay for it. his preference is for an increase in the sales tax. >> iyou went to a community meeting and asked 30 people, if you had to choose between raising 700 milon by increasing the gas tax by 18 cents, or by increasing the sales tax by a penny, most people would say -- they did not want to do either, but if the
to carry out the agenda i campaigned on. new security for the middle class. right now our economy is growing and our businesses are creating new jobs. we are poised for a good year. if we make smart decisions in sound investments, and as long as i said on the campaign, one component to growing our economy and broadening opportunity for the middle class is shrinking our deficits in a balanced and responsible way. and for nearly two years now, i've been fighting for such a plan -- one that would reduce our deficits by $4 trillion over the next decade, which would stabilize our debt and our deficit in a sustainable way for the next decade. that would be enough not only to stop the growth of our debt relative to the size of our economy, but it would make it manageable so it doesn't crowd out the investments we need to make in people and education and job training and science and medical research -- all the things that help us grow. now, step by step, we've made progress towards that goal. over the past two years, i've signed into law about $1.4 trillion in spending cuts. two weeks ago
automatically because our debt is going to grow along with our economy from year to year. especially it's going to grow in times when we need to spend a little more to juice our economy. but you know, bernanke has very little credibility with the republican party because republican leadership last year actually sent letters to him saying stop with your quantitative easing and your other extraordinary measures to juice this economy. they're already angry at him, so him saying we should from the debt ceiling is not going to do anything in congress. >> part of the problem is the debt seems to go up and good times and bad times and no one ever seems to have the courage to cut it, but it's a very bipartisan thing in terms of raising it. 76 times it's been raised since 1962. and the number one president in terms of raising it, the winner is ronald reagan at 17 times. that might shock people who like to see him as the paragon of responsible spending. >> we'll start with the deficit, shrinking more rapidly than at any time since the end of the korean war. in the end of december, we had a deficit for th
escalates the fight on the w economy. is the debt ceiling negotiable? your thoughts? send us a tweet or post your comment on facebook. you can also send us an e-mail. president obama held his last official news conference of the first term yesterday in the east room of the white house. here's what he had to say on the debt ceiling debate. [video clip] >> republicans and congress have two choices. they can act responsibly and pay america's bills or they can act irresponsibly and put america through another economic crisis. but they will not collect ransomed in exchange for not crashing the american economy. the financial well-being of the american people well-being is not a leverage to be used. the full faith and credit of the united states is not a bargaining chip. they had better choose quickly, because time is running short. the last time republicans in congress even flirted with this idea, r. triple-a credit rating was downgraded for the first time in our mystery, our businesses created the few jobs in any month in nearly the past three years, and the whole fiasco added to the deficit. ho
of taxes and spending. if this economy were growing, you would have a substantially lower budget deficit. gentlemen we will welcome you back another time. >> there is at least one state in the northeast that gets it. natural gas shale and it is pennsylvania and the republican governor tom corebet is about to join us. he picks up support from chuck schumer who didn't get an apology for the anti-israel statements. if we were growing at 5% instead of 2% we would be close to a balanced budget today. i'm kudlow we will be right back. at 1:45, the aflac duck was brought in with multiple lacerations to the wing and a fractured beak. surgery was successful, but he will be in a cast until it is fully healed, possibly several months. so, if the duck isn't able to work, how will he pay for his living expenses? aflac. like his rent and car payments? aflac. what about gas and groceries? aflac. cell phone? aflac, but i doubt he'll be using his phone for quite a while cause like i said, he has a fractured beak. [ male announcer ] send the aflac duck a get-well card at getwellduck.com. >>> here is the g
spend on everything from education to public safety less as a share of the economy that has been true for a generation. that is not a recipe for growth. we have to do more to stabilize the finances over the medium and long-term, and also spur more growth in the short term. i have said i am hoping to making modest adjustments to programs like medicare to protect them for future generations. i also said we need more revenue for tax reform by closing loopholes for the wealthiest americans. if we combine a balanced package of savings from spending on health care and revenues from closing loopholes, we consult the deficit issue without sacrificing our investments in things like education that are going to help us grow. it turns out the american people agree with me. they listened to an entire year's debate over this issue, and they made a clear decision about the approach they prefer. they do not think it is fair to ask a senior to pay more for his or her health care or a scientist to shut down like that saving research so that a multi millionaire investor can take less in tax rates then a
to raise taxes created a dilemma in the world's ninth largest economy. with budget cuts coming like clock work, the state's college and university systems declined in offerings and in reputation. schools suffered cutbacks in personnel and programs. services for the poor were trimmed by $15 billion since 2008. state workers were furloughed. then in 2010, promising to use his long honed political skills to fix the state, jerry browne, a democrat, was elected governor. 30 years after he held the job in the '70s. he faced a $26 billion deficit and started making more cuts and changes like transferring inmates from the state's overcrowded prisons to county jails and closing down local redevelopment agencies using the money for the state budget. meanwhile, the economy started to improve in fits and starts bringing in more tax revenue. but it all wasn't enough. brown proposed to california voters a measure to raise income taxes on the wealthy and sales taxes for everybody. to the feun of $5.6 billion. brown campaigned vigorously from what was called proposition 30 in last november's ballot. >> l
're threatening to tank the united states economy. again, the debt ceiling, it is really important that people understand, this is not about expanding your capacity to start new government programs. this is paying for bill that is are already due and owing so not paying it would be like, tamron, you and i buying stuff on the credit card and then deciding after we bought that stuff we are not going to pay for it. if the united states does that, it will tank our credit rating and economy and make any discussion of what would happen going over the fiscal cliff look like child's play. that's why the president said, look, he is not going to allow the american economy to be held hostage in that way. he is absolutely prepared to continue to negotiate ways to reduce our budget deficit and that's exactly what we should be doing but we shouldn't be doing it under the threat, the republican threat, of tanking the economy by undermining the full faith and credit of the united states government. we have never done that in the history of this republic and we shouldn't start doing it now. >> all right. congr
, for our economy cannot be overstated. the sovereign debt of the united states, for it to be questions that we would pay our bills or not, is not a scenario that we want to go through as a country. that would really harm us. that said, as i was coming back on the train from new york, i shared this with those with me. i said you're going down this track at 130 miles an hour. what would cause the conductor, knowing that if he veers off on this next rail to the right and pulled the switch that would cause that to happen, even if he knew it would put the train at severe risk by veering off to the right, what would be the only reason a person would go off that course rather than go straight? and the reason is that there's a larger cavern, kind of a grand canyon that we are about to go off. here's what i have concluded as a businessman and a seasoned public servant. the music will stop at some point with respect to where we are. when we are pouring $1 trillion a year, 40 cents on the dollar, you cannot do that into perpetuity. the time for leadership is right now. the time to address this is
. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ ♪ >> one event that attracted a big crowd today in prince george's county. the pop-up art showed case was held at national harbor. our own cynne simpson was was on hand to host the event. several hundred people enjoyed works of arts and good food. it was free. ♪ ♪ aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print and have it picked up for free. any time of year. ♪ ♪ nice sweater. thank you. ♪ ♪ i got it when we could download an hd movie in like two minutes. [ male announcer ] once you've got verizon fios internet, you get it -- the difference 100% fiber optics makes. but don't take our r word for it -- ask a real fios customer. ask me why fiber optics matrs. ask me about the upload speeds -- they're sick! [ male announcerer ] so go online and send a tweet to
in exchange for not crashing the american economy. the financial well-being of the american people is not leveraged to be used. >> he's talking about bipartisan, but you would agree that he's also playing politics here or no? >> i'm not going to second-guess what the president, his motives and everything. i can tell you, there's a lot of democrats who believe we need to cut spending also. and we need to get our house financially in order. with that, we're hoping it happens sooner than later. i've always been for the bowles/simpson approach, which was a big fix, so we don't go through these crises every two or three months. it's ridiculous. we've kicked the can so much, there's nothing left. we've got to come to grips and sit down and work through this. it's taken longer than needed. that's why congress -- it's really broken in washington. it's really what no labels and why jon and i are here. we're looking for solutions and a venue that we can sit down and work out our differences. and this is the one i think works well. >> jon huntsman, we're already hearing this discussion about
house, backing off their plans to hold the u.s. economy hostage because republicans want what they call drastic spending cuts in programs like medicare. and so whether this distracts from the inaugural or not, it's at least something the without first said was a negative and notice claims might actually bea positive. i'm steve handelsman, news4. >>> thanks, steve. starting tomorrow metro will begin selling special passes. the transit agency is untiling to use smarttrip cards. the commemorative passes will go on sale tomorrow at metro center and stations. the passes are good all day, but passengers can load more money onto them. coming up on "news4 at 5," adam tuss will have details on everything you need to know to get around on inauguration day. >>> news4 will cover every aspect. we'll be reporting live from the parade and swearing in. the coverage starts monday at 4:00 a.m. and continues all day. >>> taking a live look outside, sunshine is here, but so is the arctic air. >> it's cold out there. how cold about it be for the weekend? veronica johnson has details. how about that? >> not
job creation and the american economy. today we will hear from s.e.c. commissioner danny gallagher who i think is well-positioned to lay out an agenda for this in the next year. we hope this is an agenda that can attract strong bipartisan support. mr. gallagher brings a unique combination of backgrounds. he started as general counsel for a financial services firm. then joined the staff of commissioner paul atkins and worked for commissioner, worked for the -- at the f.c.c. as deputy director and then acting director in one of the largest divisions. he's been on the senior professional staff, then was in private practice and about 14 months ago was confirmed by the u.s. senate as securities and exchange commission commissioner. i think everybody who who knows him will know several things about him. he is smart, he understands the complex issues. second, he is -- he has an ability to see another person's perspective and find consensus and make forward progress on issues and understands that you can achieve consensus while still remaining true to principle and finally that he is a great p
economy may not need to be so dull and bleak after all. cnbc jackie deangeles joins us. >>> the markets are lower on wall street. the dow is down just about nine points at the moment. meantime, tim geithner says americans are too dark about the economy right now. the treasury secretary says the economy is in the final quarter of recovery from the financial crisis. geithner tells the "wall street journal" the u.s. was well ahead of other countries in balancing debt to income and cutting leverage in the financial system. >>> and here's another reason to be a little optimistic today. mortgage rates are falling back toward record rows. freddie mac says the average rate on a 30-year fixed loan dipped to 3.38% from 3.4% last week. the 30-year average of 3.6% in 2012 was the lowest annual average in 65 years! cheaper mortgages, of course, where a major reason the housing market has been bouncing back and why many economists believe the recovery will strengthen this year. >>> and finally, sony's selling its u.s. headquarters at 550 madison avenue for $1.1 billion. the building was constructed i
in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ >>> right now at 11:00, snow is falling in parts of virginia. see what's coming in overnight here in d.c. >> lance armstrong admits to deep doping. >> yes or no, did you take banned substances to enhance your performance in psych snlg. >> yes. >> tonight, the cyclist talks about his reckless behavior and why he was a bully. >> plus, a teen girl reveals what she did to get away from a man who tried to kidnap her from the school bus stop. we begin tonight with the weather. our area dodged a bullet when it came to the snow. wind chills could be in the teens tonight. doug is here with the forecast. >> the snow has stayed well to the south. you look at the radar picture, it looks like we're looking at some rain and snow across portions of the region. but that's not it at all. this was the area i thought would see the most snow. upwards of four inches potent l potentially. if you look at the radar picture now, this is where we've been in the d.c. metro area a
water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ >>> in overdrive mode preparing for president obama's inauguration. >> a blast of cold air settles in for your weekend. how low will the temperatures go for monday's inauguration. shocking allegations against the d.c. police. why crime victims say investigators are making matters worse. >>> day three of the hostage standoff in algeria. the state department confirms one american has been killed. his body found inside the bp natural gas plant. algeria state news claims nearly 100 of the 132 foreign hostages have now been released. secretary of state hillary clinton expressed continued u.s. support for the algerian government and response to the standoff. >> let's not forget this is an act of terror. the perpetrators are the terrorists. >> u.s. officials tell nbc news that five americans were working in the plant. two escaped. two more are being held. the militants have offered to release them in exchange for two convicted terrorists
the american economy. >> also, need to tell you the president did speak about his gun violence effort. he's had the package put together by the vice president is on his desk today. and he will talk about it a little later on this week. want to bring in two people here, ali velshi with me from new york, and gloria borger there in our nation's capital, to you both welcome. ali, it has been more than a year since that whole previous debt limit debacle. and i know you are saying, especially comparing this to what we just saw on new year's day with the fiscal cliff, this is going to be much, much worse, much bigger deal. talk to me about what we're debating or as the president puts it not debating? >> what we're debating or not debating is the idea that the debt ceiling in the united states is a very unusual tool, only one other country has it. and it is because what used to happen is whenever the government needed to spend money, particularly when you're in a deficit, the treasury of the united states would have to go out and issue bonds in order to get cash to pay for it. and that was just a cumbe
and partnering with things that are made in the usa. it's going to be just enormous for our economy. >> it's the largest company in world's history, walmart. they sell more food than -- food -- than any company in the world. >> i had no idea. >> that's how massive it is. 1.6 million employees. >> i think this could really make a difference in our economy. we need it. >>> all right. coming up, what happens when two retirees head to prison with their knitting kits. >> we'll show you those doing hard time with needles and yarn. you can't miss that. stay tuned. you're watching "world news now." stay tuned. you're watching "world news now." ♪ >>> good musical choice, huh? good musical choice. >> good stuff. all right. when you think about criminals serving time behind bars, you probably figure they're pumping iron or shooting hoops. >> and knitting is probably the last thing that comes to mind. two retirees are turning convicts into converts with yarn. here's abc's t.j. winnick with more. >> reporter: barbed wire fences, watchman towers, and a group of men with felony convictions. >> armed ki
that shape. but they have changed it up a lot. fuel economy has been a good selling point in the corvette. >> final question, does winning these top honors help auto manufacturers sell these cars? >> you know, that's always a big question. the bottom line is yes, they do. they do help auto dealers. it is no guarantee. we have certain seen cars win these awards in the past and then just fail in the marketplace, just for whatever reason they didn't catch on with customers. it helps, but it's certainly not enough to do all about itself. >> peter from cnn money.com. thank you so much. >>> a talk back question for you, what's the best way to honor the newtown victims. you can face book me at facebook.com/carolcnn. >>> we want to take you to baltimore now, it is the johns hopkins summit on gun control. mayor michael bloomberg is speaking. >> including private sales at gun shows and online. these private sales now account for more than 40% of all gun sales nationally, which means that in 2012 alone, there were more than 6 million gun sales that happened with no background checks. many of those g
that we have a uniform rule of economy gent circumstances. that, her suggestion complies with your objection. >> well, if i'm understanding it correctly, i think our point is this, which is that the police officers have to act reasonably in the situation. in the situation they know for sure the evidence is going to be lost, they know that every minute is critical, for example -- >> so many situations in which we require a warrant, nevertheless. when there's drug dealing in a house, every time -- it's almost a certainty that they're going to use the drugs, and that evidence is going to disappear. you rely on knowing that there's likely to be telltale signs left over. and that's the same thing you do in an alcohol situation. you rely on the testimony of the police officer, you rely on the implied consent presumption. it's not as if this is destruction of all evidence. and not like a fleeing situation where someone gets away, you have nothing left. this is vastly different. >> i mean, with respect we disagree. this evidence is critical, and the number matters. i mean, it is the case t
that healthy ecosystems also can mean healthy economies. from louisiana, what we have taken -- what we believe is a very good first effort the addressing the vulnerabilities that exist in reducing that risk is with the state's matter of fact plan which is a long- term plan to reduce the economic significance and reduce the risk across the coast. we believe we can achieve protection for all coastal communities. it is that resource that is important. the states provide and the gulf provides to the nation, it if it is going to be afforded through the nation. we believe with this plan we can have sustainable healthy ecosystems but also healthy communities. there's an essence of -- there is a form of social engineering because if you can't ensure the communities, the supermarket, the schools, the things that the communities depend on, the communities will not survive. we want to make sure we will develop a healthy system but also healthy communities that can provide those resources. we have come a long way, it is not perfect but we have a plan to achieve this sustainability and protecting the commu
increase -- once you get economies of scale going it will increase the cost of the gun ten to 20%. >> i work here at the school for public health. i just had a comment about the large capacity magazines. i was in a discussion with some friends of mine who are law abiding gun enthusiasts about the large capacity magazines and they said you can ban the 40 round magazines, but they said if i wanted to kill a lot of people i could just have 310 round magazines i could pop onto my weapon. i saw some of the logic of what they were saying to the i guess my comment and my question would be it's a little hard for me to feel like we can make reasonable decent progress in reducing gun deaths when we live in a country where someone so many people think it is fair the constitutionally given right to own a machine that fires projectiles designed to kill large numbers of people. how are we going to make qualitative progress when we have so many people in such a large lobbying industry for the gun manufacturers that support that idea? thank you. >> a fi in the first comment. we are already making progr
damaging to our economy. i think it would actually add to our deficit, because it will impede growth. >> reporter: another more immediate political fight for the president, confirming his pentagon nominee, chuck hagel, a republican, who got a boost on "meet the press" sunday from former republican secretary of state, colin powell, who used the occasion to take a larger, deeper shot at the gop. >> there's also a dark -- a dark vein of intolerance of some parts of the party. what do i mean by that? what i mean by that is, they still sort of look down on minorities. how can i evidence that? when i see a former governor say that the president is shuckin' and jivin'. that's a racial era slave term. >> reporter: now, brian, the issue of the lack of diversity in the president's second-term appointment so far came up at the press conference today, and the president simply asked for more time, defended his record of diversity in the first term and said wait until he's finished with all of his appointments. >> chuck todd on the north lawn of the white house for us tonight. chuck, thanks. >>> o
are backing off, in the words of the white house, a move to hold the u.s. economy hostage and force drastic spending cuts. i'm steve handelsman, news4. >>> security is a big concern this inauguration. special forces arrived today to help with crowd control. with details on how security is being mustled up. >> you know when you see a jersey barrier like we have here, that obviously means don't go there, but they don't work well on the water. >> it's no secret or surprise that a presidential inauguration means changes on d.c. city streets. 6,000 troops are coming to -- they'll be highly visible. >> for that 48-hour period, the waterways will be closed to all recreational boating traffic. >> reporter: security officials say there's no specific maritime threat nor one on land, but all always they choose to air on the side of caution. >> we're helping to ensure the safety and security of the public. keeping a gulls eye view of the pa tom mac. >> we had a full shutdown for the entire two days of the inauguration. this time we're going to allow the vessels to operate, bakley water taxis and dinner
. this is a positive thing for the city and the economy. >> the wrights flu in from florida. >> we -- flew in from florida. >> we're excited to be here and engage in an american tradition. >> despite all the people coming to town, there are still open hotel rooms. occupancy ratings are about 70% right now they were 90% four years ago. you can expect to see deals out there this weekend. reporting live in northwest washington suzanne kennedy. >> now as businesses prepare for a busy three days the transit is getting ready for >> the rush is on already as hundreds of people are inside trying to transform this convention center into a three-story party place. they have three days left to get ready for tens of thousands of party goers. in 2009, the president and the first lady appeared at 10 narble balls. >> the president will dance at all three levels. >> the top floor is reserved for the commander in chief ball and the only place you will see the presidential sale. one floor down it is set for the kids narble -- inaugural concert. >> brad paisley, jennifer hudson smoky robin
to protect our water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ thea27 >>> care takes of the mall are rushing to preserve the grass. huge crowds four years ago destroyed the grounds. starting tomorrow morning, the crews will be putting down thousands of plastic sheets over a 6 1/2 acres of the mall. the terra-plastic as it's called sits inches above the grab allowing light and water to pass through. the multimillion dollar project will take two days to complete. >>> locals and tourists alike are turning it into a vacation experience. some of the best hotels in town are offering luxury packages. jim handly took a tour, and found out if no money is an objects, the options are unlimited. >> reporter: it's not bo, and they're not secret service agents, but if you make the fairmont hotel your home, they come with the presidential detail package. >> the goal is to replicate the feel the first family is going through, being pampered, knowing you have deadlines, places to go, but doug it in styl
. we have ground to cover. typically it comes later. payroll taxes all that stuff. the economy definitely impacts people. the thing that is great about this is helps build communities. >> what is incredible is it grows expedientially each year. there is such good karma people love to give to this cause. >> there is something for everybody. special olympics provide through sport the opportunity to bring athlete and people in the community who might not otherwise interact with them together. the plunge brings people together from all walks of life all economic stratus all for great cause of special olympics. >> you know john said it's supposed to get very cold this week. >> yes, he did. i understand that. >> how are you feeling? >> i am feeling great and so is everybody who is going to get out there. not too late to sign up. >> great. thank you. congratulations on your new job. >> thank you so much. great to be here. >>> maryland state police bowl lar bear plunge january 25th and 26th at sandy points park at plunge maryland.com. for more information www.somd special olympics if y
immigration reform in the first year, that's before the economy was on the verge of collapse. lehman brothers had collapsed. the stock market was collapsing. and so my first priority was making sure we prevented us from going into a great depression. and i think everybody remembers where we were four years ago. what i confess i did not expect, and so i'm happy to take responsibility for being naive here, is that republicans who had previously supported comprehensive immigration reform -- my opponent in 2008 who had been a champion of it and who attended these meetings -- suddenly would walk away. >> president obama's comments come as his administration faces scrutiny for deporting and detaining a record number of undocumented people. nearly 400,000 immigrants were deported during the last fiscal year. republican presidential nominee mitt romney also fielded questions about immigration during a wednesday appearance on univision. romney attacked obama is deferred action policy that allows some young undocumented people to remain in the country temporarily, saying a more permanent solution was n
year and the fourth year. >> harder when he's a candidate to an achieve. the economy, they said if they passed the massive unemployment, it'd keep under 8%, it was spiked up to 10% and down to 7.8 and they say it's a fail. and killed osama bin laden, and passed health care, what kind of program we'll be we're only getting it now, it passed two years ago. >> alisyn: and iraq, promised to end iraq and making steps towards that as well. >> iraq and afghanistan. >> although unemployment continues to be a problem. i read this morning one more person unemployed, manti te'o's imagery girlfriend has lost her job. >> her imagery job. >> she didn't show up. >> we found out she was alive before she didn't exist. >> and people in kentucky picked up a phone and senator mitch mcconnell was calling them on the television and recorded a message sent out to about 250,000 people who live in kentucky. and who own guns who are hunters and he personally pledged as the minority leader in the u.s. senate, he will not allow the president's gun control measures to go through. and here is a little bit of
technology to protect our water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ [ harry umlaut ] hey you know what, i speak european. [ sally umlaut ] european isn't a language. i think they speak all kinds over there. nah. it's basically one language with a few variations. my cousin has a passport. uh-huh. take this fascinating muller yogurt. frut up. means "fruit up." as in creamy yogurt down below. and a delectable, aromatic layer of blended fruity, moussey, uppiness on top. frut up. as the europeans say. in their language. wow. you really are bilingual. yeah, i dated a comma in high school. [ male announcer ] muller. the european for yummy. ♪ i just came to say hello ♪ >>> let's say good morning and hello to today's fan of the day. terri. she says she's glad we missed out on the snow. i am, too. comment below her picture for a chance to be monday's fan of the day. looks like wherever she is, she's having a good time. >>> since 1941 their tours of duty have been to inspire patriotis
about something you might want to look into if you are still in this tough economy having a hard time make ends meet at the end of the month. looking to earn some extra money each month. check out incomeathome.com. they are america's leading work from home business. doing business in over 80 countries today so they know what they're doing. and they offer you an opportunity. you can take advantage of no matter your age education or experience. you can literally earn money on your own computer, from our own kitchen table 24/7. but all you need is a little spare time actually and the training you get from the folks at incomeathome.com. so if you're sick of living paycheck to paycheck, worried about job security or retirement. if your goal has been to earn extra money from home part-time or full time, incomeathome.com. they're adding my listeners in record numbers. even giving away $1,000 to somebody just for checking them out. visit incomeathome.com. that's incomeathome.com. >> bill: marsha blackburn igor yesterday not the brightest light bulb in the united states congress, yesterday on
industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>steve: welcome back. the welfare state is growing and sadly on so many levels no sign of it slowing down. >>gretchen: that according to a new chart released by republicans on two senate budget committees. according to dana colmes, federal welfare spending expected to skyrocket 80 % over the next decade. stew varney is here. how did he come up with that calculation? >> that is government numbers used by republican members of the senate budget committee. it represents a whole new america. in fact, it represents a total reversal from the days of welfare reform in the mid-1990's. welfare has made an enormous come-back. there are no plans to rein it in. it is going to go up by $11 trillion. spending on welfare up $11 trillion
and the broader economy. >> thank you. this next question is for ms. rice of the national fair housing alliance. most folks would generally agree that underwriting standards were far too loose in the lead up to the crisis, and they're currently too restrictive. what does this rule mean for extending access into the non- prime mortgage space going forward? >> thank you for the question. i am reminded of the first predatory lending case that i work done -- the early 1990's. it involved a senior citizen, a single female head of household who had known her home in toledo for years, for decades. she had a prime mortgage she had been paying faithfully and had stellar credit. she was convinced to refinance out of that prime sustainable mortgage, fixed-rate mortgage, with charter one bank. into a subprime loan to get a debt consolidation loans. she was convinced to do this because the lender told her she would have just one payment, and that really appealed to her because she was on a fixed income. she was going to pay off for other debt. you know the story -- at the closing table, all of the terms and
the value of my house. the economy went south on us. now the banks are sending us these low interest rates. i go back to refinance the house or remorse reached the house at 6.75%. bank tells me i do not make enough income or income to debt ratio for the house. i do make enough to pay the 6.75%. if the given the lower rate, i would be saving $1,000 a month. what can be done about that? guest: there are many, many borrowers who are having trouble refinancing their home loans. i hear from a lot of them. it is a real problem. we had a pendulum that had swung out into the wild west or anybody that was breathing got a mortgage. now it has swung the other way. the banks are being ultra cautious and requiring owners disclosures and very conservative income levels. i think there is an element of your story that questions -- does the bank wanted about the 6.75% interest that you're paying on your mortgage. that is a rich interest level in this environment. you have to wonder if the bank isn't holding on to your loan to maintain that high level of interest. i wonder if the might be worth your while t
's chashartia brantley has t story and more. >> timothy geithner says americans are too -- he says the economy is in the final quarter of recovery from the financial crisis. geithner tells the wall street journal the u.s. was well ahead of other countries in balancing debts, income and cutting leverage and the financial system. geithner says the u.s. has more diversity of strength from high tech to energy and the public should find comfort and optimism in that. here's a reason to be optimistic. mortgage rates are falling back toward record lows. freddie mac says the average rate dipped to 3.38% from 3.4% last week. the 30-year average of 3.6% in 2012 was the lowest annual average in 65 years. guys, cheaper mortgages are a major reason the housing market has been bouncing back. many economists believe the recovery was strengthened throughout the year. >> shartia brantley. thank you. >>> now to a house that, it had a mortgage, the monthly payment would be more than a million dollars. talk about a prime piece of real estate. the white house is worth nearly $300 million. zillow released its calcul
of default. they know that would tank the economy. it would rile up the financial marks. i think they'll kick that down -- markets. i think they'll kick that down the road and have a fight over sequestration. one way or another they'll have a logger head with the president when it comes to cuts and dramatic spending. >> your power play of the week? >> reverend ruiz leon, the church of the president. i've lived in washington 30 plus years and never been inside the church, driven past it plenty. beautiful place. presidents have gone there since 1816. president obama will go there for his preinaugural worship service monday. >> speaking of inauguration, big plans for ask you? are you attending any balls? >> thank god, no. i'm way too old for that. the inaugural ball has the best name and the worst reality of anything i know in washington, but i will cover the inaugural ceremony. i'm very excited about that. >> as will we. we'll see you this sunday. >>> coming up next talk about a lucky find, how much money do you think this 12-pound gold nugget is worth? the answer after the break. >>> and now t
advanced technology to protect our water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ >>> new this morning, d.c. police are investigating a deadly shooting near a nightclub. around 2:30 this morning, officers were called out to the 2700 block of georgia avenue northwest. they found a man suffering from gunshot wounds. he was taken to a nearby hospital and pronounced dead a short time later. police have not release thed th man's name or a possible suspect in the shooting. >>> police in virginia are looking for a dog who attacked a person at a school. the dog is described as similar to a pitbull and attacked someone at thomas jefferson elementary in falls church. officers aring le looking for tg as well as the two men who let it run loose. >>> the group human rights watch is planning to release a report next week accusing d.c. police of failing to document 170 alleged sexual assault cases over three years. one of the alleged victims spoke to news 4 in an exclusive interview. she said in 2
percent.when it comee to the issues however.. 51 percent disapprove f ow he's handling the economy... and 57 percent on't like his plans for the deeifit. 3 preparations are underray in university of maryland's marching and willlbe pounninn the pavement down pennsylvania avenne on monday. the - 222-member band beat out hundredssof other marching bands forrthe honor. 3 (ssudent) "this wiil be my very last perrormance with the mighty sound f aryland cause im raduating ii may"((tuddnt )"i think it shows a ot of the pride we have in thiss university..and urrstate" state" the first pressdential parade the university of maryland pprformed in was in 1917.... for president woodrrw wilson. 3 tooay is a national day of ssrvice... nd president obama and theefirst ladd wiil be at an event today. vice president joe biden and his 3 thh wassington aree. 3& ervvce bbgan in 1994 aa away to honor civil rights leader 3 3 the 13th aanual martin lluherr &pking junior parade kkckk off will feature coomunity marching bands, high-stepping now li
and next, earnings from investors, as they gauge how the economy is doing. and speak egg of the economy, the federal reserve's regional survey found modest growth at year end 2012. this despite concerns about the fiscal cliff and the looming battle over the debt ceiling. back to you. >> mary thompson at the new york stock exchange. thank you. >>> one of television's favorite fathers has died. conrad bain played phillip drummond on "different strokes," the adopted father of two african-american brothers, played by todd bridges and gary coleman a veteran stage actor, bain rose to fame in middle age with the long-.-running family sitcom. conrad bain was 89 years old. a big hit here on nbc. 7:19 now. back to matt, savannah and al. >> must see tv. >> definitely. >> thanks, matt. >> thanks very much. mr. roker is here. >> a big storm is down south. let's go live now to pearl, mississippi, you can see the snow is already on the ground. they have got more on the way. as we take a look and show you what's happening, here is the latest. we have got winter storm warning, winter weather advisories
. in this economy, i do not think we need to close any more businesses. thank you. [applause] >> i am a police officer here. thank you for coming out. you're one of the few congressmen who is taken the initiative to do this. you called sandy hook begun tragedy. it was a human tragedy. -- a gun tragedy. it was not. it was a human tragedy. you lost for solutions. i am not going to stand up here and lecture -- asked for solutions. i am not going to stand up here and lecture. i will say i carry ar-15 and my car every day. -- in my car every day. i find it deplorable that my wife may not be able to when i am gone. she cannot protect yourself, she does not need it, but i do, and you do? everyone should have the ability to protect themselves if needed. the solution, i know you guys are doing the best you can with what you have -- they need more for mental health. i cannot tell you how many they're doing all they can, but they need more. parents need to start taking responsibility and raising their children so that i do not have to. [applause] >> my name is peter. i am occurred veteran, soldier in the
's about the health of our city, our towns. it's about the health of our neighborhoods and our economy. it's about the health of our schools, and our school children, and our communities and the health of our neighbors. mayor bloomberg, the people of new york have seen is an effective, results oriented mayor, one of the most effective results oriented mayors ever to serve new york, or dare i say, any city. creating jobs, expanding opportunity, improving city schools, launching america's largest affordable housing initiative. quite honestly, everything they do in new york and said to be the largest initiative, but i should say also largest and one of the most innovative affordable housing initiatives. and also fighting crime. really showing us that the people of new york have shown the people of baltimore that it is possible to make a safer tomorrow, that we do not have to resign ourselves to the circumstances of the way things have always been, or what we have never been able to do in the past. and, in fact, we can save lives, and each life is precious. each life is important, and if you s
for the economy, and they would rather fight on things like shutting the governor down or automatic spending cuts going into effect, and they think that forces the president to negotiate. >> on "meet the press" this morning, what do you have? >> we will talk about the big issues dominate, the guns and debt, and senator schumer, and we have a political roundtable as we tee up the big things facing the president. >>> let's check in with chuck. >> beautiful weather outside early on your sunday morning. a cloudless sky over washington and the early morning rays of sunshine brightening our eastern sky, and a golden glow on the eastern horizon this morning. it's not cold at all outside this morning. the temperature at national airport, 41 degrees, and you say, it's chilly outside. our average high temperature this time of the year is 43. so this is a mild start for sure. that southwesterly breeze at 9 miles per hour has a hint of a windchill out there so you will need some sort of a jacket outside if you will spend anytime outside. 30 degrees in manassas. that's one of the cold spots by far. many areas
want to try to stimulate the economy. we'll give folks a break and lower it. it went from 6.2% to 4.2%. now it's back where it started. >> and congress decided not to decrease it because they felt that the economy was strong enough? it may sound small to some but doesn't feel small to a lot of people. >> we're talking about 160 million people that are affected by this. the average worker will feel like a $700 loss in income for the year. and biweekly check, that will really hit you. $50,000, it will go down by $38 every two weeks. >> is there a quick and easy way to calculate how much you're going to lose if you're in the mood to do that? >> you actually just calculate your wages by 0.2. >> do you have some tips for us as to what the best way to handle this is? >> it will take a lot of discipline from a lot of people. you were used to this and now you don't have it anymore. start with juadjusting your withholding. you want a little bit more in your paycheck every time. to do that, you need to double-check your withholding. go to the irs calculator and make sure you have the withhold
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